On Friday the EURUSD showed mixed sentiment, but the GBPUSD managed to rise. Today both currency pairs are falling slowly, though. What can they do next? Let’s try to answer that question in an analysis:
EURUSD
Friday was a really interesting session. First, the EURUSD managed to rise above 1.096. Then, at the beginning of the American trading session, the price started falling. It even dropped below 1.092 two hours later. However, in the late afternoon, the price started going up once again. In consequence, the EURUSD finished the last session of the week slightly above 1.093.
Today the price is falling slowly, though. If the buyers don’t generate some serious appetite soon, the price could even drop below the S1 support level and 1.091. But if they do, the price might rise above the Pivot Point and 1.094 today.
GBPUSD
The GBPUSD was even stronger on Friday. First, the price managed to rise above 1.284. Then, at the beginning of the American trading session, it started falling. The price even dropped below 1.281 two hours later. However, in the late afternoon, the price started going up a bit. In consequence, the GBPUSD finished the last session of the week exactly at 1.282.
Today the price is falling slowly, though. If the buyers don’t generate some serious appetite soon, the price could even drop to the EMA 77 and 1.279. But if they do, the price might reach 1.285 today.
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